BPURI-WB

Adjustment

BINA PURI HOLDINGS BHD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2023/2028 OF BINA PURI HOLDINGS BHD ("BINA PURI" OR THE "COMPANY") ("WARRANTS B") AS SPECIFIED IN THE DEED POLL DATED 2 MARCH 2023 ("DEED POLL B"), PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN BINA PURI ("BINA PURI SHARES" OR "SHARES") INTO 1 BINA PURI SHARE ("CONSOLIDATED SHARE") HELD AT 5:00 P.M. ON 9 MAY 2024 ("ENTITLEMENT DATE") ("SHARE CONSOLIDATION")
EX-date 08 May 2024
Entitlement date 09 May 2024
Entitlement time 5:00 PM
Financial Year End 30 Jun 2024
Period of interest payment   to  
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 09 May 2024
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Ratio
Ratio 1.0000 : 5.0000
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,

No. 8, Jalan Kerinchi

59200 Kuala Lumpur

Wilayah Persekutuan

Malaysia

Tel:0327839299
Fax:0327839222


Remarks :
Pursuant to the Share Consolidation, the exercise price and the number of outstanding Warrants B which are not exercised prior to the Entitlement Date will be adjusted in accordance with the provisions of the Deed Poll B ("Adjustments"). 

The outstanding Warrants B will be consolidated on the basis of every 5 Warrants B held by the entitled Warrant B holders (whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date) ("Entitled Warrant B Holders") into 1 Warrant B ("Consolidated Warrant B"). 

Fractional entitlements arising from the Adjustments, if any, shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interest of the Company. 

Pursuant to the Adjustments, the existing number of 258,554,471 Warrants B will be adjusted into a maximum number of 51,710,894 Consolidated Warrants B. The actual number of Consolidated Warrants B would depend on the number of outstanding Warrants B which have yet to be exercised into new Bina Puri Shares as at the Entitlement Date. 

Further, the existing exercise price of Warrants B of RM0.04 each will be revised to RM0.20 each pursuant to the Adjustments. 

The Consolidated Warrants B will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 10 May 2024, being the next market day following the Entitlement Date. 

The notice of allotment for the Consolidated Warrants B will be despatched to the Entitled Warrant B Holders not later than 4 market days after the date of listing and quotation of the Consolidated Warrants B on the Main Market of Bursa Securities. The notice to the Entitled Warrant B Holders (setting out the details of the Adjustments) will be despatched to the Entitled Warrant B Holders in due course. 

The Share Consolidation will result in a reduction in the number of Warrants B available in the market and the trading price of the Warrants B will be adjusted accordingly in proportion to the basis of the Share Consolidation. The Warrant B holders are strongly advised to trade cautiously to prevent overselling of their position in respect of the Warrants B held.

In respect of any exercise of rights to convert Warrants B into ordinary shares on or before 30 April 2024, Warrants B holders will be entitled to Share Consolidation entitlement instead.

This announcement is dated 23 April 2024.


Announcement Info

Company Name BINA PURI HOLDINGS BHD
Stock Name BPURI-WB
Date Announced 23 Apr 2024
Category Entitlement(Notice of Book Closure)
Reference Number ENT-18042024-00012


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